JMBNX — Short Duration Credit Opportunities Fund
Data updated: 2021-12-29
JMBNX — Short Duration Credit Opportunities Fund. Short Bond · $126.65M AUM · 0.80% expense ratio. Holdings, fees, performance and SEC filings.
JMBNX Fund Overview
JMBNX — Short Duration Credit Opportunities Fund is a US mutual fund managed by John Hancock Funds II, categorised as Short Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: John Hancock Funds II
- Category: Short Bond
- Assets under management: $126.65M
- 1-year return: 6.0%
- Ticker: JMBNX
- SEC CIK: 0001331971
- SEC series ID: S000026718
- Share class ID: C000080193
JMBNX Investment Objective and Strategy
Short Duration Credit Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Funds II.
Investment objective
To seek to maximize total return, which consists of income on its investments and capital appreciation.
Principal investment strategy
The fund will normally invest in a portfolio of fixed-income securities. Under normal circumstances, the fund will invest at least 80% of its assets in bonds and related investments and maintain an average portfolio duration of approximately three years or less. Related investments include derivatives (such as total return swaps, interest-rate swaps, credit default swaps, credit default swap indexes, and futures), loans, and credit-linked notes, and may be used for hedging purposes or as a substitute for investing in bonds. Some loans may be illiquid. Segments of the global market among which the fund may allocate its assets include U.S. government obligations, mortgage- and asset-backed securities, investment- and below-investment-grade U.S. and foreign corporate debt (including floating-rate loans) and sovereign debt (including debt of issuers in emerging markets).
The manager combines quantitative modeling that seeks to measure the relative risks and opportunities of each market segment with its own assessment of economic and market conditions to create an optimal risk/return allocation of the fund's assets among these segments. After allocating by sector, the manager uses traditional credit analysis to identify individual securities to purchase. Factors the manager may consider when evaluating U.S. government and agency obligations and mortgage-backed securities include yield curve shifts, credit quality, changing prepayment patterns, and other factors. With respect to corporate debt, such factors include the issuer's financial strength and sensitivity to economic conditions, the issuer's operating history, and the experience and track record of management.
With respect to foreign government debt, such factors include currency, inflation, and interest rate trends, growth rate forecasts, market liquidity, fiscal policies, political outlook, and tax environment. The fund's investments may include, among other things, sovereign debt securities, corporate debt securities, structured notes, securities issued by supranational organizations, fixed- and floating-rate commercial loans, securitized loan participations, Rule 144A securities, asset-backed securities, depositary receipts, mortgage-backed securities (including transferable private issuer mortgage-backed securities), non-publicly traded securities, payment-in-kind bonds, inflation-protected and other index-linked securities, interest-only securities, step-up securities, zero coupon bonds and related derivatives.
While some loans are collateralized and senior to an issuer's other debt securities, other loans may be unsecured and/or subordinated. The fund may engage in derivative transactions for hedging purposes or as a substitute for investing in bonds. Derivatives may include U.S. Treasury, currency, and index futures and interest-rate and credit swaps (including credit default swaps on securities and credit indexes). The fund seeks capital appreciation through industry selection, sector selection, and security selection. The fund may invest in securities of any credit rating (including unrated securities), including without limit in higher risk, below-investment-grade debt securities (junk bonds). The fund may invest in securities of any duration and maturity. Duration is an approximate measure of the sensitivity of a fixed-income security to interest-rate risk.
Securities with higher durations are generally more sensitive to this risk.
JMBNX Performance
Total returns for JMBNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.0% |
| 3 years (annualised) | 4.3% |
JMBNX Risk Information
Risk metrics for JMBNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
JMBNX Costs and Fees
JMBNX costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 0.81%
- Portfolio turnover: 71%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
JMBNX Cashflows
Over the 12 months to 2021-10, Short Duration Credit Opportunities Fund had net outflows of $559.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-10 | −$6.04M |
| 2021-09 | −$4.79M |
| 2021-08 | −$16.92M |
| 2021-07 | −$11.34M |
| 2021-06 | −$16.40M |
| 2021-05 | $1.90M |
JMBNX Debt Constituents
No individual debt constituents are reported in Short Duration Credit Opportunities Fund's latest SEC N-PORT filing.
JMBNX Prospectus and SEC Filings
Official Short Duration Credit Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-11-19
- Prospectus (485BPOS) — filed 2020-11-20
- Prospectus (485BPOS) — filed 2019-12-18
- Portfolio holdings (N-PORT) — filed 2021-12-29
- Portfolio holdings (N-PORT) — filed 2021-09-29
- Portfolio holdings (N-PORT) — filed 2021-06-28
- Annual census (N-CEN) — filed 2021-10-13
- Annual census (N-CEN) — filed 2020-10-06
Related Funds
Other Short Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.